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The latest update is out from PLBY Group ( (PLBY) ).
PLBY Group announced the appointment of Gyorgy Gattyan to its Board of Directors on February 11, 2025, following the expansion of the board from five to seven directors. This expansion is part of the company’s strategic partnership with Byborg Enterprises S.A., controlled by Mr. Gattyan, which includes significant investments and a long-term license agreement. However, the board’s composition currently does not meet Nasdaq’s requirements for independent directors, prompting efforts to appoint an additional independent director to comply with listing rules. This development reflects PLBY Group’s ongoing shift towards a digital-focused, asset-light business model, aiming to leverage Mr. Gattyan’s extensive experience in digital technology and entrepreneurship to drive growth.
More about PLBY Group
PLBY Group, Inc. is a global pleasure and leisure company that connects consumers with products, content, and experiences to enhance their lives. Known for its flagship brand, Playboy, the company aims to foster a culture of pleasure and freedom of expression with a presence in around 180 countries.
YTD Price Performance: 39.73%
Average Trading Volume: 794,408
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $191.2M
For a thorough assessment of PLBY stock, go to TipRanks’ Stock Analysis page.
